AUDIO:Iranian perspective on sanctions against banks
minnesota.publicradio.org
22-Mar-2012 (one comment)

A telecommunication network that is essential to the way global banks do business expelled 30 Iranian financial institutions Saturday. Iran's banks use the network to bring money in from the sale of oil.

It was the first time the Society for Worldwide Interbank Financial Telecommunication (SWIFT) had ever taken such a drastic step--and it will further isolate and punish Iran for its nuclear ambitions.

But Hooman Majd, an Iranian-American writer and foreign policy commentator, said those sanctions may have an unanticipated effect.

>>>
recommended by Darius Kadivar

Balatarin
Share/Save/Bookmark

 
Darius Kadivar

Related Video on Foreign Affairs Channel

by Darius Kadivar on Thu Mar 22, 2012 12:34 PM PDT

And with Vali Nasr:

  •